In the structure of reserves at the beginning of 2025, 67.1% will be in securities, 27.6% in cash, correspondent accounts and deposits, and 5.3% in monetary gold.
Ukraine’s international reserves in December increased by $3.863 billion, or 9.7%, and on January 1, 2025, according to preliminary data, reached a record $43.788 billion, the National Bank of Ukraine reported.
“In December 2024, they increased by 9.7% compared to November due to foreign exchange earnings from international partners, which exceeded the net sale of foreign currency by the National Bank and the payments of the country’s debt in foreign currency, ” said the report.
Overall, international reserves increased by $3.273 billion, or 8.1%, over the past year.
According to the NBU, net international reserves in December increased by $3.153 billion, or 12.2%, and for 2024 as a whole – by $0.712 billion, or 2.5%, to $29.094 billion.
In the structure of reserves at the beginning of this year, 67.1% was in securities, 27.6% was in cash, correspondent accounts and deposits, and 5.3% was in monetary gold, while a year earlier their share was 69.7%, respectively. 25.9 and 4.4%.
It was noted that in December, a record $9.461 billion was received in the government’s foreign currency accounts at the NBU, including $4.411 billion – macro-financial assistance from the EU, $3.935 billion – from the World Bank, including through DPL mechanism from the USA, Japan and Great Britain, $1.089 billion from the IMF.
At the same time, $0.133 billion was paid for the servicing and repayment of public debt in foreign currency In addition, Ukraine paid $0.252 billion to the IMF.
In addition, the National Bank sold a record $5.309 billion in the foreign exchange market, buying only $0.4 million for reserves.
“The net sale of foreign currency by the NBU in December reached $5.309 billion, almost double compared to November The increase in the interventions of the NBU in the sale of foreign currency last month was due to the traditional seasonal factor – the intensification of expenses in the budget and business operations at the end of the year,” they said.
Also in December, due to revaluation, the value of financial instruments increased by $92 million.
“The current level of international reserves provides financing for 5.5 months of future imports,” the press release said.
In general, last year Ukraine received international financial support of about $42 billion The largest financial aid came from the EU – $17.5 billion, the USA – $6.8 billion, the World Bank – $6.1 billion, the IMF – $5.3 billion , Japan – $4.3 billion. , Canada – $1.8 billion In addition, in 2024, the country received more than $3.5 billion thanks to the placement of foreign currency government bonds.
As mentioned in the National Bank, all this, together with international aid, made it possible to pay the country’s payments for the service and payment of the national debt in foreign currency ($6.7 billion) and payments to the IMF ($3.4 billion), to be paid. for the net interventions of the NBU in the sale of foreign currency ($34.8 billion ), which were carried out to compensate for the structural deficit in the foreign exchange market and to smooth out excessive fluctuations in the exchange rate in conditions of controlled price flexibility exchange rate, as well as to increase international reserves to a sufficient level to continue to maintain exchange rate stability.
We remind you that at the end of March, Ukraine’s international reserves increased by 18% to $43.763 billion. Then it is a historical record.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.